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3 Penny Stocks to Watch That Climbed During Premarket Trading

These penny stocks climbed in premarket trading; are they worth watching?
The post 3 Penny Stocks to Watch That Climbed During Premarket Trading appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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Are These Premarket Gaining Penny Stocks Worth Watching?

Finding the biggest premarket gaining penny stocks is a great way to start your watchlist. And while it isn’t nearly the only way to start a trading day right, it can be a useful tool to see where the momentum may be headed that day.

For example, if during premarket, energy penny stocks all climb, there’s likely a catalyst that could be worth looking into. Or, if one penny stock, in particular, pushes up substantially in value, there is likely some news to back it. This is not true across the board as some penny stocks will climb purely due to speculation rather than any underlying event. 

[Read More] Are Penny Stocks Worth It? 5 That Deserve Your Attention Now

And in August 2021, there are plenty of penny stocks to choose from. Right now, the list of penny stocks expands well into the hundreds, meaning that there are options for all types of traders. But as always, investors need to do the proper due diligence to ensure their choices have the potential to make profits. 

In addition to this, there are a wide variety of catalysts that are impacting the market right now. This means that volatility is likely to stay high, and fluctuations during intraday trading are also highly likely. So, considering all of this, let’s take a look at three penny stocks that shot up during premarket trading. 

3 Penny Stocks to Watch After Big Premarket Gains 

  1. Kosmos Energy Ltd. (NYSE: KOS
  2. Sonim Technologies Inc. (NASDAQ: SONM
  3. Sesen Bio Inc. (NASDAQ: SESN

Kosmos Energy Ltd. (NYSE: KOS)

One energy penny stock that is performing well in the market right now is Kosmos Energy Ltd. Kosmos is a company with a primary focus on oil and gas property exploration. The company has property located in offshore locations off the coast of the U.S. Gulf of Mexico, Equatorial Guinea, and Ghana. The company also has gas developments located in Senegal and Mauritania. 

Right now, the energy sector is heating up as a result of increased travel. While the pandemic is still ongoing, many have taken to air travel and road trips due to vaccination and a desire to go on vacation. In addition to this, many offices have returned to in-person work, meaning that commuters are commuting, and therefore there could be higher fuel usage nationwide. While this may not have a short-term impact on KOS, the company hopes to reap the benefit of this demand increase moving forward.

On July 8th, Kosmos Energy reported operational updates for 2021. Its net production of 52,000 barrels of oil equivalent per day was slightly below its guidance. This was due to decreased production from its Equatorial Guinea property. But Kosmos delivered strong operational performance out of Ghana despite its less than stellar performance elsewhere.

Now Kosmos Energy plans on hosting second-quarter results and a webcast on August 9th. This is an important date for investors, as quarterly results can often provide a lot of insight as to where a company is at. For this reason, many companies experience positive or negative stock movements as a result of quarterly reports. With this in mind, is KOS a contender for your list of penny stocks to watch?

Sonim Technologies Inc. (NASDAQ: SONM)

Sonim Technologies Inc. is a tech penny stock that is up by around 6% in the past five days, and 2% in premarket trading day. This is a company that manufactures and sells rugged mobile phones for industrial workers. Its products include the Sonim XP8, Sonim XP3, and Sonim RS60. These devices can connect to public and private wireless networks, and offer a large variety of features. 

[Read More] Why Penny Stocks Investors Are Bullish on These 3 Small-Caps

On June 29th, the company announced that it has secured design win awards with a leading U.S. carrier. This deal was secured for two of Sonim’s next-gen ultra-rugged cell phones that will be released in 2022. This is a big deal for Sonim and has resulted in a sizable uptick in value since then. While the past six-month chart has not been the kindest to SONM stock, this is the result of the lack of demand for its products due to the pandemic. However, as more people return to work, it could see that change in the coming months. 

“We now have design win awards from the three largest US carriers for new products that we expect to introduce starting in 2H 2021 through Q3 2022. These new products, combined with the SmartScanners we began shipping this year, show our desire to enhance and grow our product portfolio and addressable market opportunity.”

The Chief Marketing Officer of Sonim, John Graff

When looking at tech penny stocks, one of the most promising aspects is a diverse product range. And while Sonim’s product line does have a specific market, it is quite broad in that field. Keeping this in mind, is SONM a penny stock to consider for your watchlist?

Penny_Stocks_to_Watch_Sonim_Technologies_Inc_SONM_Stock_Chart

Sesen Bio Inc. (NASDAQ: SESN)

Sesen Bio Inc. is a biotech penny stock that is focused on making targeted fusion protein therapeutics for cancer patients. The company is involved in designing, engineering, developing, and commercializing these products. Its lead therapeutic is Vicinium, which is a targeted fusion protein in Phase III clinical trials for the treatment of non-muscle-invasive bladder cancer. Right now, biotech penny stocks are seeing heightened interest as the pandemic continues to roll on. As a result, shares of SESN stock have climbed by over 215% YTD. 

On August 5th, Sesen announced a partnership with Eczacibasi Pharmaceuticals Marketing. This partnership is for the commercialization of Vicinium in Turkey. Sesen will receive $1.5 million upfront and is eligible for additional payments in the future. The company will receive a 30% royalty on net sales in Turkey.

President and CEO Dr. Thomas Cannell said, “This partnership with EIP marks a further step in realizing our mission to save and improve the lives of patients, and in achieving the significant global opportunity projected for Vicineum.” SESN stock increased by over 8% on the day of this announcement. Keeping this in mind, is SESN worth adding to your list of penny stocks to watch?

Penny_Stocks_to_Watch_Sesen_Bio_Inc._(SESN_Stock_Chart)

Are These Penny Stocks Worth Watching Right Now?

Finding the best penny stocks to buy in 2021 all comes down to knowing where the value is. While it is difficult to say with certainty where the stock market is headed, many investors are showing confidence in the future.

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Now, it may take some time before the Delta variant begins to resolve and case numbers drop, but in the meantime, now could be a good point to find the best penny stocks to watch for the long run. Considering all of this, do you think that these penny stocks are worth watching right now?

The post 3 Penny Stocks to Watch That Climbed During Premarket Trading appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

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International

Beloved mall retailer files Chapter 7 bankruptcy, will liquidate

The struggling chain has given up the fight and will close hundreds of stores around the world.

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It has been a brutal period for several popular retailers. The fallout from the covid pandemic and a challenging economic environment have pushed numerous chains into bankruptcy with Tuesday Morning, Christmas Tree Shops, and Bed Bath & Beyond all moving from Chapter 11 to Chapter 7 bankruptcy liquidation.

In all three of those cases, the companies faced clear financial pressures that led to inventory problems and vendors demanding faster, or even upfront payment. That creates a sort of inevitability.

Related: Beloved retailer finds life after bankruptcy, new famous owner

When a retailer faces financial pressure it sets off a cycle where vendors become wary of selling them items. That leads to barren shelves and no ability for the chain to sell its way out of its financial problems. 

Once that happens bankruptcy generally becomes the only option. Sometimes that means a Chapter 11 filing which gives the company a chance to negotiate with its creditors. In some cases, deals can be worked out where vendors extend longer terms or even forgive some debts, and banks offer an extension of loan terms.

In other cases, new funding can be secured which assuages vendor concerns or the company might be taken over by its vendors. Sometimes, as was the case with David's Bridal, a new owner steps in, adds new money, and makes deals with creditors in order to give the company a new lease on life.

It's rare that a retailer moves directly into Chapter 7 bankruptcy and decides to liquidate without trying to find a new source of funding.

Mall traffic has varied depending upon the type of mall.

Image source: Getty Images

The Body Shop has bad news for customers  

The Body Shop has been in a very public fight for survival. Fears began when the company closed half of its locations in the United Kingdom. That was followed by a bankruptcy-style filing in Canada and an abrupt closure of its U.S. stores on March 4.

"The Canadian subsidiary of the global beauty and cosmetics brand announced it has started restructuring proceedings by filing a Notice of Intention (NOI) to Make a Proposal pursuant to the Bankruptcy and Insolvency Act (Canada). In the same release, the company said that, as of March 1, 2024, The Body Shop US Limited has ceased operations," Chain Store Age reported.

A message on the company's U.S. website shared a simple message that does not appear to be the entire story.

"We're currently undergoing planned maintenance, but don't worry we're due to be back online soon."

That same message is still on the company's website, but a new filing makes it clear that the site is not down for maintenance, it's down for good.

The Body Shop files for Chapter 7 bankruptcy

While the future appeared bleak for The Body Shop, fans of the brand held out hope that a savior would step in. That's not going to be the case. 

The Body Shop filed for Chapter 7 bankruptcy in the United States.

"The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday (March 9), it filed for Chapter 7 insolvency, under which assets are sold off to clear debts, putting about 400 jobs at risk including those in a distribution center that still holds millions of dollars worth of stock," The Guardian reported.

After its closure in the United States, the survival of the brand remains very much in doubt. About half of the chain's stores in the United Kingdom remain open along with its Australian stores. 

The future of those stores remains very much in doubt and the chain has shared that it needs new funding in order for them to continue operating.

The Body Shop did not respond to a request for comment from TheStreet.   

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Government

Are Voters Recoiling Against Disorder?

Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super…

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Are Voters Recoiling Against Disorder?

Authored by Michael Barone via The Epoch Times (emphasis ours),

The headlines coming out of the Super Tuesday primaries have got it right. Barring cataclysmic changes, Donald Trump and Joe Biden will be the Republican and Democratic nominees for president in 2024.

(Left) President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library in Culver City, Calif., on Feb. 21, 2024. (Right) Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign event at Big League Dreams Las Vegas in Las Vegas, Nev., on Jan. 27, 2024. (Mario Tama/Getty Images; David Becker/Getty Images)

With Nikki Haley’s withdrawal, there will be no more significantly contested primaries or caucuses—the earliest both parties’ races have been over since something like the current primary-dominated system was put in place in 1972.

The primary results have spotlighted some of both nominees’ weaknesses.

Donald Trump lost high-income, high-educated constituencies, including the entire metro area—aka the Swamp. Many but by no means all Haley votes there were cast by Biden Democrats. Mr. Trump can’t afford to lose too many of the others in target states like Pennsylvania and Michigan.

Majorities and large minorities of voters in overwhelmingly Latino counties in Texas’s Rio Grande Valley and some in Houston voted against Joe Biden, and even more against Senate nominee Rep. Colin Allred (D-Texas).

Returns from Hispanic precincts in New Hampshire and Massachusetts show the same thing. Mr. Biden can’t afford to lose too many Latino votes in target states like Arizona and Georgia.

When Mr. Trump rode down that escalator in 2015, commentators assumed he’d repel Latinos. Instead, Latino voters nationally, and especially the closest eyewitnesses of Biden’s open-border policy, have been trending heavily Republican.

High-income liberal Democrats may sport lawn signs proclaiming, “In this house, we believe ... no human is illegal.” The logical consequence of that belief is an open border. But modest-income folks in border counties know that flows of illegal immigrants result in disorder, disease, and crime.

There is plenty of impatience with increased disorder in election returns below the presidential level. Consider Los Angeles County, America’s largest county, with nearly 10 million people, more people than 40 of the 50 states. It voted 71 percent for Mr. Biden in 2020.

Current returns show county District Attorney George Gascon winning only 21 percent of the vote in the nonpartisan primary. He’ll apparently face Republican Nathan Hochman, a critic of his liberal policies, in November.

Gascon, elected after the May 2020 death of counterfeit-passing suspect George Floyd in Minneapolis, is one of many county prosecutors supported by billionaire George Soros. His policies include not charging juveniles as adults, not seeking higher penalties for gang membership or use of firearms, and bringing fewer misdemeanor cases.

The predictable result has been increased car thefts, burglaries, and personal robberies. Some 120 assistant district attorneys have left the office, and there’s a backlog of 10,000 unprosecuted cases.

More than a dozen other Soros-backed and similarly liberal prosecutors have faced strong opposition or have left office.

St. Louis prosecutor Kim Gardner resigned last May amid lawsuits seeking her removal, Milwaukee’s John Chisholm retired in January, and Baltimore’s Marilyn Mosby was defeated in July 2022 and convicted of perjury in September 2023. Last November, Loudoun County, Virginia, voters (62 percent Biden) ousted liberal Buta Biberaj, who declined to prosecute a transgender student for assault, and in June 2022 voters in San Francisco (85 percent Biden) recalled famed radical Chesa Boudin.

Similarly, this Tuesday, voters in San Francisco passed ballot measures strengthening police powers and requiring treatment of drug-addicted welfare recipients.

In retrospect, it appears the Floyd video, appearing after three months of COVID-19 confinement, sparked a frenzied, even crazed reaction, especially among the highly educated and articulate. One fatal incident was seen as proof that America’s “systemic racism” was worse than ever and that police forces should be defunded and perhaps abolished.

2020 was “the year America went crazy,” I wrote in January 2021, a year in which police funding was actually cut by Democrats in New York, Los Angeles, San Francisco, Seattle, and Denver. A year in which young New York Times (NYT) staffers claimed they were endangered by the publication of Sen. Tom Cotton’s (R-Ark.) opinion article advocating calling in military forces if necessary to stop rioting, as had been done in Detroit in 1967 and Los Angeles in 1992. A craven NYT publisher even fired the editorial page editor for running the article.

Evidence of visible and tangible discontent with increasing violence and its consequences—barren and locked shelves in Manhattan chain drugstores, skyrocketing carjackings in Washington, D.C.—is as unmistakable in polls and election results as it is in daily life in large metropolitan areas. Maybe 2024 will turn out to be the year even liberal America stopped acting crazy.

Chaos and disorder work against incumbents, as they did in 1968 when Democrats saw their party’s popular vote fall from 61 percent to 43 percent.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

Tyler Durden Sat, 03/09/2024 - 23:20

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Government

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The…

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Veterans Affairs Kept COVID-19 Vaccine Mandate In Place Without Evidence

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

The U.S. Department of Veterans Affairs (VA) reviewed no data when deciding in 2023 to keep its COVID-19 vaccine mandate in place.

Doses of a COVID-19 vaccine in Washington in a file image. (Jacquelyn Martin/Pool/AFP via Getty Images)

VA Secretary Denis McDonough said on May 1, 2023, that the end of many other federal mandates “will not impact current policies at the Department of Veterans Affairs.”

He said the mandate was remaining for VA health care personnel “to ensure the safety of veterans and our colleagues.”

Mr. McDonough did not cite any studies or other data. A VA spokesperson declined to provide any data that was reviewed when deciding not to rescind the mandate. The Epoch Times submitted a Freedom of Information Act for “all documents outlining which data was relied upon when establishing the mandate when deciding to keep the mandate in place.”

The agency searched for such data and did not find any.

The VA does not even attempt to justify its policies with science, because it can’t,” Leslie Manookian, president and founder of the Health Freedom Defense Fund, told The Epoch Times.

“The VA just trusts that the process and cost of challenging its unfounded policies is so onerous, most people are dissuaded from even trying,” she added.

The VA’s mandate remains in place to this day.

The VA’s website claims that vaccines “help protect you from getting severe illness” and “offer good protection against most COVID-19 variants,” pointing in part to observational data from the U.S. Centers for Disease Control and Prevention (CDC) that estimate the vaccines provide poor protection against symptomatic infection and transient shielding against hospitalization.

There have also been increasing concerns among outside scientists about confirmed side effects like heart inflammation—the VA hid a safety signal it detected for the inflammation—and possible side effects such as tinnitus, which shift the benefit-risk calculus.

President Joe Biden imposed a slate of COVID-19 vaccine mandates in 2021. The VA was the first federal agency to implement a mandate.

President Biden rescinded the mandates in May 2023, citing a drop in COVID-19 cases and hospitalizations. His administration maintains the choice to require vaccines was the right one and saved lives.

“Our administration’s vaccination requirements helped ensure the safety of workers in critical workforces including those in the healthcare and education sectors, protecting themselves and the populations they serve, and strengthening their ability to provide services without disruptions to operations,” the White House said.

Some experts said requiring vaccination meant many younger people were forced to get a vaccine despite the risks potentially outweighing the benefits, leaving fewer doses for older adults.

By mandating the vaccines to younger people and those with natural immunity from having had COVID, older people in the U.S. and other countries did not have access to them, and many people might have died because of that,” Martin Kulldorff, a professor of medicine on leave from Harvard Medical School, told The Epoch Times previously.

The VA was one of just a handful of agencies to keep its mandate in place following the removal of many federal mandates.

“At this time, the vaccine requirement will remain in effect for VA health care personnel, including VA psychologists, pharmacists, social workers, nursing assistants, physical therapists, respiratory therapists, peer specialists, medical support assistants, engineers, housekeepers, and other clinical, administrative, and infrastructure support employees,” Mr. McDonough wrote to VA employees at the time.

This also includes VA volunteers and contractors. Effectively, this means that any Veterans Health Administration (VHA) employee, volunteer, or contractor who works in VHA facilities, visits VHA facilities, or provides direct care to those we serve will still be subject to the vaccine requirement at this time,” he said. “We continue to monitor and discuss this requirement, and we will provide more information about the vaccination requirements for VA health care employees soon. As always, we will process requests for vaccination exceptions in accordance with applicable laws, regulations, and policies.”

The version of the shots cleared in the fall of 2022, and available through the fall of 2023, did not have any clinical trial data supporting them.

A new version was approved in the fall of 2023 because there were indications that the shots not only offered temporary protection but also that the level of protection was lower than what was observed during earlier stages of the pandemic.

Ms. Manookian, whose group has challenged several of the federal mandates, said that the mandate “illustrates the dangers of the administrative state and how these federal agencies have become a law unto themselves.”

Tyler Durden Sat, 03/09/2024 - 22:10

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